Parker wants to buy a car and has a choice between two different banks. One bank is offering a simple interest rate of 3 2% and the other bank is offering a rate of 3% compounded annually. If Parker decides to deposit $7,000 for 25 years, which bank would be the better deal?
A.)a simple interest rate of 3.2%
B.)a compound interest rate of 3%

The better deal would be simple interest rate of 3.2%

Step-by-step explanation:

In order to calculate which bank would be the better deal If Parker decides to deposit $7,000 for 25 years, we would have to make the following calculation:

A. simple interest rate of 3.2%.

Therefore, FV= P*r*t

=$7,000*3.2%*25

=$5,600.

B. compound interest rate of 3%

Therefore, FV=PV(1+r)∧n

FV=$7,000(1+0.03)∧25

FV=$14,656

The better deal would be simple interest rate of 3.2%

3: 2

step-by-step explanation:

shorter piece is 2: 3, so just reverse it, and you get 3: 2

the answer is b.

step-by-step explanation:

by the trigonometric ratio tangent, tangent equals opposite divided by adjacent.

therefore, tan(50) equals ac/3

multiply each side by 3 to get: ac=3tan(50)

the answer is b.